Electronic Frontier Foundation: US Government Will Expand Financial Surveilla...

Electronic Frontier Foundation: US Government Will Expand Financial Surveilla...

The Electronic Frontier Foundation (EFF) raised concerns about the strengthening financial surveillance through the proposed crypto regulations announced by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The Nonprofit Organization Is Concerned About New Rules on Self-Hosted Crypto Wallets Proposed by FinCEN According to the nonprofit organization based in the United States, the FinCEN is trying to undermine “one of the most important aspects of cryptocurrencies from a civil liberties perspective,” which can provide privacy protections for their users.....


Related News

Electronic Frontier Foundation accepts bitcoins ... again

The Electronic Frontier Foundation (EFF) -- an organization focused on global digital rights -- is now accepting donations in bitcoins again after having stopped two years ago ... though it's quick to add that doesn't mean it's endorsing the digital currency. Nothing against Bitcoin, the EFF states. It's an equal-opportunity non-endorser: "EFF does not typically endorse products or services, and we certainly do not endorse any of the electronic payment methods that we currently accept (credit cards, PayPal, and now BitPay)." The EFF -- a sort-of American Civil Liberties Union (ACLU) for....

Andresen returns 726 BTC to privacy organisation

On behalf of the Bitcoin Faucet, Gavin Andresen has returned 726 bitcoins (approximately $95,000) that were in limbo to the Electronic Frontier Foundation (EFF) - a non-profit organisation that defends free speech, privacy and consumer rights - after a two-year history of the money being sent back and forth. The move comes after the EFF last month said it would once again accept bitcoins via BitPay after a two-year freeze on the currency. Andresen reportedly told the EFF: "I'm satisfied to see these bitcoins will be used as they were intended - as a donation to support the work of the....

Ecuador Pushes Forward on Upcoming Electronic Currency System

The government of Ecuador is pushing forward to establish its national electronic currency, PanAm Post reports. The central bank has given 360 days to all financial institutions in Ecuador to get on board. Top financial institutions with assets of more than $1 billion USD will have only 120 days to comply. Ecuador's official Resolution 064-2015-M, announced on May 25, states that all entities of the public, private, and cooperative financial sectors must join the government-run Electronic Currency System as "Macro Agents." Financial institutions will have to provide an electronic tender....

The EFF Wants You to Take Action Against the BitLicense

The Electronic Frontier Foundation explained their position in regards to New York's proposed BitLicense on Wednesday, and the organization that is known for defending individual rights on the Internet did not have many kind words to say about the possible regulations. Also read: Bitcoin Foundation Condemns Lack of Transparency in New York BitLicense. The point of the post by the EFF was to reach out to their community and find people who would be willing to sends comments to the New York Department of Financial Services. Rainey Reitman, the author of the post on the EFF's website, made it....

Digital Rights Groups Release Tool to "Detekt" Government Spyware

By now, most of the world is well aware of the U. S. National Security Agency's dragnet surveillance programs. Whistleblower Edward Snowden obtained nearly 2 million classified documents from the NSA and revealed just how far governments were willing to invade online privacy, typically with the excuse of thwarting terrorism. A recently-proposed piece of legislation called the "Freedom Act" could have limited the NSA's authority, yet it failed to obtain the necessary votes in the Senate. That's why third party human rights groups like the Electronic Frontier Foundation, Amnesty....